EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s, bearish flag pattern spotted
EUR/USD lacks any firm intraday direction and oscillates in a narrow range on Monday. The formation of a bearish flag pattern supports prospects for some meaningful decline. A sustained strength…
WTI oscillates in a range around $85.00, Middle East tensions remain in focus
WTI is seen consolidating the previous day’s goodish recovery gains from a nearly two-week trough. The Israel-Gaza conflict continues to fuel concerns about supply disruptions and lend some support. Looming…
USD/INR gains momentum amid a stronger Dollar, focus on bond yields and oil prices
Indian Rupee loses ground on a firmer USD amid upbeat US economic data. Rising US Treasury bond yields and oil prices might weigh on market mood, cap the Indian Rupee’s…
Australian Dollar hovers near the major level ahead of US data
Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in…
USD/MXN Price Analysis: Sits near two-week high/38.2% Fibo., bullish potential intact
USD/MXN is seen oscillating in a range on Friday and consolidating its weekly gains. The technical setup favours bullish traders and supports prospects for additional gains. Any meaningful corrective slide…
UK CPI Preview: Soft inflation could increase odds of another BoE pause in November
The UK CPI report will be published by the Office for National Statistics on Wednesday. Headline and Core annual inflation are set to fall in September but will likely stay…
EUR/USD Price Analysis: Eyes descending trend-channel breakout ahead of US CPI
EUR/USD steadily climbs back to over a two-week high touched on Wednesday amid a softer USD. Expectations that the Fed is nearing the end of its rate-hiking cycle continue to…
USD/MXN Price Analysis: Remains on the defensive below 18.00 mark, downside seems limited
USD/MXN struggles to gain any meaningful traction, though the bias remains tilted in favour of bulls. Any further slide could attract fresh buyers near the 17.80 confluence breakpoint, now turned…
USD/MXN Price Analysis: Consolidates in a range around 18.20 area, just below 38.2% Fibo.
USD/MXN lacks any firm intraday direction on Tuesday and remains confined in a narrow range. The technical setup favours bulls and supports prospects for an extension of a one-month-old uptrend.…
GBP/USD Price Analysis: Languishes near seven-month low, 38.2% Fibo./just above mid-1.2000s
GBP/USD is seen consolidating in a narrow band near a multi-month low touched on Tuesday. The extremely oversold RSI on the daily chart holds back bearish traders from placing fresh…
